Tokyo – Frontier Management Inc. (CFI Japan) is pleased to announce that they acted as financial advisor to KNT-CT Holdings Co., Ltd in the third-party allocation of preferred shares in the company to Kintetsu Group Holdings Co., Ltd., and LLCs lending from MUFG Bank, Ltd. and Sumitomo Mitsui Banking Corporation.
KNT-CT Holdings Co., Ltd. is a Japan-based company mainly engaged in the travel business. The company operates in three segments. The personal travel segment is engaged in the provision of domestic and overseas tour services, the planning and sale of travel products under domestic and overseas planning travel brands, the sale of Japan Railways (JR) tickets, domestic and overseas air tickets and hotel vouchers. The group tour segment is engaged in the provision of group tour for companies, schools, government and public interest corporations, and the planning and sale of travel products. The others segment engaged in the planning and sale of travel products, merchandising and provision of travel-related services, among others.
Kintetsu Group Holdings is a Japanese railway holding company which primarily owns the Kintetsu Railway as well as Kintetsu Taxi, Kintetsu Department Store, and its other corporations in transportation, real estate, hotel and leisure and other sectors, which are collectively known as Kintetsu Group.
The transaction closed in May 2021.
has been acquired by
has secured growth funding from